American Assets Trust, Inc. (NYSE:AAT) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in American Assets Trust, Inc. (NYSE:AAT - Free Report) by 120.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,193 shares of the real estate investment trust's stock after buying an additional 27,436 shares during the quarter. Lazard Asset Management LLC owned approximately 0.08% of American Assets Trust worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. New York State Common Retirement Fund boosted its position in American Assets Trust by 6.1% during the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust's stock worth $468,000 after purchasing an additional 1,019 shares in the last quarter. One Wealth Advisors LLC boosted its position in American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,023 shares in the last quarter. Federated Hermes Inc. boosted its position in American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 1,089 shares in the last quarter. KBC Group NV boosted its position in American Assets Trust by 56.5% during the fourth quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in American Assets Trust by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 18,225 shares of the real estate investment trust's stock worth $479,000 after purchasing an additional 1,368 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

American Assets Trust Price Performance

Shares of American Assets Trust stock traded down $0.07 during mid-day trading on Friday, reaching $19.03. 309,421 shares of the stock traded hands, compared to its average volume of 316,523. The business has a 50-day moving average of $19.23 and a 200 day moving average of $22.91. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The stock has a market capitalization of $1.16 billion, a PE ratio of 21.38 and a beta of 1.13. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. The business had revenue of $108.61 million during the quarter, compared to analysts' expectations of $112.05 million. On average, analysts predict that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.15%. American Assets Trust's payout ratio is currently 107.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAT. Mizuho lowered their price target on American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a research report on Saturday.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.